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Merck, Bristol Myers, PayPal - Thursday's Premarket Movers

Stocks moving in premarket trading on Thursday include Merck, PayPal and Apple.

Stock futures edged higher a day after the S&P 500 closed modestly higher but extended its winning streak to three trading sessions.

Here are some of the top movers during premarket trading on Thursday.

1. Merck MRK | Up 0.8%

Merck  (MRK) - Get Merck & Co., Inc. (MRK) Report shares were little changed after the drugmaker posted weaker-than-expected fourth quarter earnings and said longtime CEO Ken Frazier would retire later this year.

2. Bristol-Myers Squibb BMY | Up 0.6%

Shares of Bristol-Myers Squibb  (BMY) - Get Bristol-Myers Squibb Company Report were rising premarket after the health-care giant posted fourth-quarter earnings that exceeded expectations and raised its profit outlook for the rest of the year.

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The company has also clinched a deal with Rockefeller University for the rights to a covid-19 therapy that combines two antibodies, the drugmaker said Wednesday.

3. American Airlines AAL | Down 1.5%

Shares of American Airlines  (AAL) - Get American Airlines Group, Inc. Report dropped after the carrier said it would send as many as 13,000 furlough warnings in the coming months as the pandemic persists.

4. PayPal PYPL | Up 6.7%

Shares of PayPal  (PYPL) - Get PayPal Holdings Inc Report jumped after the digital payments company reported fourth-quarter earnings tripled from a year earlier and topped Wall Street estimates.

5. Apple AAPL | Up 1.8%

Shares of tech giant Apple  (AAPL) - Get Apple Inc. (AAPL) Report rose as investors were encouraged by the company's reported plans to partner with South Korean automaker Hyundai-Kia to build an Apple Car at a plant in Georgia.